Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- UnitedHealth (UNH) reported first quarter profit that blew past Wall Street expectations and boosted its outlook for the year, a sign of the health conglomerate’s progress toward rebuilding credibility with investors after a collapse a year ago. Adjusted earnings were $7.23 a share, the company said in a statement Tuesday, above the highest analyst estimate in a Bloomberg survey. A key gauge of medical costs was better than expected, and the company raised its profit view by 50 cents a share. UnitedHealth shares jumped in trading today.
- Hims & Hers (HIMS) shares fell after Amazon launched a GLP-1 management program through Amazon One Medical.
- D.R. Horton (DHR) posted its seventh straight quarter of declining earnings and trimmed its forecast for the number of home closings it expects this year, hurt by economic uncertainty, bad weather, and rising mortgage rates. The company now expects to close between 86,000 and 87,500 homes this year, according to a Tuesday statement — at the top end 500 less than it had initially forecast. Quarterly earnings, less some items, shrunk for the seventh consecutive time since 2024 to $2.24 per share. Shares in the company rose in trading today.
See omnystudio.com/listener for privacy information.